4)“Bottom-up” vs. “Top-down” Perceptual
Processing
a). Bottom-up processing – define/ explain what it is.
b)Top-down processing - define/ explain what it is. You can use
this example: Ca_yo_re_dt_is_en_en_e?
C). In perception, bottom-up and top-down processing are
believed to occur simultaneously. Explain what that means.
TWO QUESTIONS AT THE BOTTOM
1. Michael Hill International Limited (hereafter known as
“Michael Hill”) ordinary shares are listed on the Australian
Securities Exchange (ASX). Michael Hill owns and operates
approximately 300 retail jewellery stores across Australia, New
Zealand and Canada. According to the ASX announcement made by
Michael Hill on Date: 27/08/18 and Headline: Investor Presentation,
part of Michael Hill’s planned capital expenditure of $25 million
is to open new stores. Michael Hill has already performed a
substantial amount...
A water turbine is placed at the bottom of a hill. It receives Q
= 30 m3/s of water from a large lake at the top of the
hill. The elevation difference between the turbine and the free
surface of the lake is h = 100 m. Water leaves turbine with the
speed V2 = 2 m/s. Head loss in the water supply pipe
connecting turbine and the lake is 20 m. Calculate power (in MW)
transferred from the water...
(a) Explain, using examples, the difference between a ‘top-down’
approach and a ‘bottom-up’ approach to equity valuation.
(b) There are four principles that underlie the concept of
efficient markets. Outline, using examples, each principle.
(c) Write out the formula for the constant growth dividend
valuation model. What key assumptions are required?
(d) You are interested in buying a share that paid its last
annual dividend 9 months ago. You can assume that the next dividend
payment (3 months from today)...